Russia’s Central Bank to consider the integration of gold-backed digital currency to help with international settlement policies, but believes that the best currency is still fiat.  

Although there is unclear whether or not Russia will fully realize a cryptocurrency, speculation about the “cryptoruble” keeps talks of digital currency alive.

Elvira Nabiullina, the governor of the Bank of Russia, says “We don’t see a possibility for cryptocurrency to fulfil the role of a money surrogate… and are practically not considering it within the context of the regulatory sandbox.”

 

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